ASEAN Briefing News

Vietnam Issues Latest Incentives for Businesses and Employees

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Under Resolution 68/NQ-CP the government has unveiled several financial packages to employers and employees affected by the fourth wave of COVID-19.

ASEAN, EU Agree to World’s First Bloc-to-Bloc Air Transport Agreement

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ASEAN and the EU have agreed to the world’s first bloc-to-bloc air transport agreement through the ASEAN-EU Comprehensive Air Transport Agreement.

Vietnam’s Transport Infrastructure Master Plan: Three Proposals for Implementation

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In April 2021, Vietnam’s transport ministry announced its transport infrastructure master plan between now and 2030, which is estimated to cost between US$43 billion and US$65 billion.

BioNTech to Build Vaccine Manufacturing Site in Singapore

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Biotechnology company BioNTech will establish its Asia-Pacific regional headquarters in Singapore, where it will also establish an mRNA manufacturing facility.

Indonesia to Build Electric Vehicle Battery Plant, Production Starting in 2023

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Indonesia will build its first electric vehicle battery plant and aims to begin production by 2023, in a project estimated to be valued at US$9.8 billion.

Cambodia Issues Ninth Round of Stimulus Measures

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Cambodia unveiled its ninth round of stimulus measures to support businesses andhouseholds as the country grapples with a sudden surge in COVID infections.

Opportunities for Indian Manufacturers in ASEAN

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The economic partnership between India and (ASEAN) has continued to strengthen since the economic relationship began in 1992 and with the ASEAN-India Free Trade Agreement (AIFTA) coming to effect in 2009.

Import and Export Procedures in Indonesia – Best Practices

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Indonesia has made serious efforts to improve its import and export procedures as the country targets to become the fourth-largest economy by 2045.

Malaysia’s Pemulih Stimulus Package: Supporting Businesses and Individuals

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Malaysia announced its latest 150 billion-ringgit (US$36 billion) economic stimulus package, named Pemulih, in response to the indefinite extension of the national lockdown.

Singapore to Increase Central Provident Fund Contributions From 2022

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Singapore will increase the Central Provident Fund (CPF) contribution rates for employees aged 55 to 70 years from January 1, 2022.

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